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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Systemic Practice an...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Systemic Practice and Action Research
Article . 2009 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
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Money, Time and Variety Engineering: The Application of Cybernetics to the Diagnosis and Design of Financial Performance Management Systems

Authors: S. P. Morlidge;

Money, Time and Variety Engineering: The Application of Cybernetics to the Diagnosis and Design of Financial Performance Management Systems

Abstract

Variety engineering was the term coined by Stafford Beer to describe the management of the system of constraints placed on an organisation. Successful variety engineering involves working with the demands of Ashby’s Law of Requisite Variety; matching regulatory variety with that of the situation being regulated. Money is an important mechanism for variety engineering: the allocation of financial resources helps amplify variety; its withdrawal attenuates. This paper argues that budgeting, the conventional approach to the management of financial resources, demonstrably does not have requisite variety. This fact could be manifest in a range of undesirable patterns of behaviour. The practice of budgeting has not, however, been seriously challenged by systems theorists nor alternative mechanisms proposed. This paper sets to remedy this by describing how the cybernetic regulation of the flow of financial resources can be incorporated into the framework provided by Beer’s Viable Systems Model.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
8
Average
Average
Average
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